CIRO to Hold a Disciplinary Hearing for Juan Carlos Saavedra

24-0090
Type:
Hearing Notice
Rulebook connection
IDPC Rules
MFDA Rules

Contact

Calgary (Alberta), February 27, 2024 – A hearing has been scheduled before a hearing panel of the Canadian Investment Regulatory Organization (CIRO) under the Mutual Fund Dealer Rules in the matter of Juan Carlos Saavedra.

The hearing is open to the public unless the panel orders otherwise. The decision of the hearing panel will be made available at www.ciro.ca.

Hearing Date: June 19-20, 2024 at 10:00 am (Moutain Time)

Location: Calgary, Alberta by videoconference

Members of the public who would like to obtain further particulars should fill out this questionnaire.

The hearing concerns allegations that Juan Carlos Saavedra misappropriated or otherwise failed to account for monies that he obtained from a client and failed to cooperate with an investigation by the MFDA into his conduct.

The Notice of Hearing and Statement of Allegations, which set out the allegations, are available at:

Saavedra, Juan Carlos – Notice of Hearing and Statement of Allegations

At all material times, Juan Carlos Saavedra conducted business in the Calgary, Alberta area. He is not currently registered in the securities industry in any capacity.

All information about disciplinary proceedings relating to current and former member firms and individual registrants under the Investment Dealer and Partially Consolidated Rules (for investment dealers), the Mutual Fund Dealer Rules (for mutual fund dealers) and the Universal Market Integrity Rules (UMIR) is available on CIRO's website.

Background information regarding the qualifications and disciplinary history, if any, of advisors currently employed by CIRO-regulated investment firms is available free of charge through the AdvisorReport service. Information on how to make dealer, advisor or marketplace-related complaints is available by calling 1-877-442-4322.

CIRO investigates possible misconduct by its member firms and individual registrants. It can bring disciplinary proceedings which may result in sanctions including fines, suspensions, permanent bars, expulsion from membership, or termination of rights and privileges for individuals and firms.

The Canadian Investment Regulatory Organization (CIRO) is the national self-regulatory organization that oversees all investment dealers, mutual fund dealers and trading activity on Canada’s debt and equity marketplaces. CIRO is committed to the protection of investors, providing efficient and consistent regulation, and building Canadians’ trust in financial regulation and the people managing their investments. For more information, visit www.ciro.ca.

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24-0090
Type:
Hearing Notice
Rulebook connection
IDPC Rules
MFDA Rules

Contact

Other Notices associated with this Enforcement Proceeding: